Overnight price action saw European equities begin their session on a positive footing, but have since pared these gains and are now in the red as investor sentiment waffles. The talk that Merkel and the rest of the German government would analyze terms proposed in a "European Redemption Fund" initially spurred buying of higher-yielding assets, but headlines that Spain's Catalonia region may require assistance to meet its upcoming liabilities have since quashed risk appetite.
The Stoxx, FTSE, and Dax, at the time of writing are down 0.55%, 0.52%, and 0.29% respectively, with North American equities also opening lower. USDCAD is stronger, looking to try to test the 1.03 handle again. After taking a leg lower earlier this morning, oil is finding willing buyers south of $95.50/barrel, and gold is trading with a little bit of a bid tone, pushing higher to $1,565.30/ounce.
Most Popular Slideshows
- Australia Bids Adieu to Adam Spencer's Mornings on ABC's "702 Breakfast" Show [PHOTOS]
- SEE PHOTOS! Eva Longoria Wears No Panties at Cannes 2013, Revealed in Embarrassing Wardrobe Malfunction [SLIDESHOW]
- Top 10 Hottest Celebrities with Shocking Weight Loss (And Find Out Their Secrets!) [PHOTOS]
- Demi Lovato Snapped Getting Flirty with The X-Factor Boss, Simon Cowell? [PHOTOS]